Banco Santander S.A. bought a new stake in shares of Paylocity Holding Co. (NASDAQ:PCTY - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 4,154 shares of the software maker's stock, valued at approximately $829,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Inceptionr LLC acquired a new stake in shares of Paylocity in the 4th quarter valued at about $289,000. Raymond James Financial Inc. acquired a new stake in Paylocity in the fourth quarter valued at approximately $6,818,000. Proficio Capital Partners LLC bought a new stake in shares of Paylocity during the fourth quarter valued at approximately $2,467,000. M&T Bank Corp raised its position in shares of Paylocity by 22.8% during the fourth quarter. M&T Bank Corp now owns 1,765 shares of the software maker's stock worth $352,000 after purchasing an additional 328 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Paylocity by 32.2% in the 4th quarter. Victory Capital Management Inc. now owns 158,013 shares of the software maker's stock worth $31,519,000 after purchasing an additional 38,453 shares in the last quarter. 94.76% of the stock is owned by institutional investors.
Paylocity Stock Down 1.8 %
Shares of PCTY stock traded down $3.32 during mid-day trading on Thursday, hitting $183.21. The company's stock had a trading volume of 299,679 shares, compared to its average volume of 490,532. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $10.24 billion, a price-to-earnings ratio of 46.98, a PEG ratio of 4.49 and a beta of 0.94. The business has a 50-day moving average price of $202.45 and a 200 day moving average price of $189.90. Paylocity Holding Co. has a 52-week low of $129.94 and a 52-week high of $223.80.
Paylocity (NASDAQ:PCTY - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The software maker reported $0.82 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.60). Paylocity had a return on equity of 22.45% and a net margin of 14.76%. Research analysts predict that Paylocity Holding Co. will post 4.36 EPS for the current fiscal year.
Insider Activity
In other news, Director Steven I. Sarowitz sold 1,400 shares of the company's stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $200.59, for a total value of $280,826.00. Following the completion of the transaction, the director now owns 8,338,430 shares of the company's stock, valued at $1,672,605,673.70. This represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 29,187 shares of company stock worth $5,888,655 in the last three months. Company insiders own 21.91% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. StockNews.com lowered shares of Paylocity from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Stifel Nicolaus raised their target price on Paylocity from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. TD Cowen reduced their target price on Paylocity from $235.00 to $228.00 and set a "buy" rating for the company in a report on Monday, January 6th. JMP Securities lifted their target price on shares of Paylocity from $250.00 to $270.00 and gave the company a "market outperform" rating in a research report on Friday, February 7th. Finally, Citigroup upgraded Paylocity from a "neutral" rating to a "buy" rating and increased their price objective for the company from $214.00 to $231.00 in a research report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $233.25.
Get Our Latest Stock Analysis on PCTY
Paylocity Profile
(
Free Report)
Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection.
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